Ver Angola


Privatization of Sociedade Gestora de Aeroportos begins in the last quarter

The privatization process of Sociedade Gestora de Aeroportos (SGA) begins in the last quarter of this year, after “sedimentation of the accounts and the profitability strategy” of the company, announced this Wednesday an official source, without advancing estimates of fundraising.


"We are aiming to start the process [of privatization] for the fourth quarter of this year, because there are a series of previous actions, namely regarding the accounts, the profitability strategy of each of the airports that must be consolidated before being called competitors for the bidding", said the president of IGAPE, Patrício Vilar.

The chairman of the board of directors of the Institute for the Management of State Assets and Participations (IGAPE), who was speaking after meeting for almost five hours with the management of SGA, said that the actions for the privatization of the company "are on the right path".

According to the official, the follow-up of companies in the public business sector and the internship at SGA, a company that manages airports, aerodromes and the related ecosystem, which is part of the Privatization Program (ProPriv) were the purposes of the visit to the institution.

"When we are talking about a privatization strategy, we have to include all the issues that will determine the value and the expected value of that company, which is why the meeting with the company took longer", he justified.

"But, we leave here with the certainty that we are on the right path and we are doing a meritorious job among several teams", he stressed.

Vilar also made known that the actions for the privatization of SGA "have a very large interconnection" with TAAG, the national air carrier, because "it is not possible to manage airports without relying on TAAG's strategy".

Asked about IGAPE's expectations in terms of revenue collection with this privatization, Patrício Vilar relegated to the background the financial volume that could result from it, signaling the need for the "recovery and viability" of the SGA.

"Because for us, more important than raising money is making the companies viable and when we already have the weight of some liabilities, I think that the most important thing is to guarantee the recovery and viability of the company than to raise values", replied to Lusa.

Incorporating the "right airport management" technological and industry partner, which "may help consolidate this strategy" is, for the president of IGAPE, the biggest challenge of the privatization process.

"Right now, our expectation of values is not what is set, but it is an expectation that tomorrow there will be an airport activity in Angola that will allow the country to be an airport 'hub' and this is the challenge in which we all have to work," he pointed out.

Patrício Vilar also assured that the privatization of SGA does not entail the reduction of jobs, but the improvement of its profitability.

"The issue of jobs is always a poorly placed question, because the problem is not the number of jobs, the problem is the productivity of jobs", he concluded.

The chairman of the board of directors of SGA, Mário Miguel Domingues considered that the privatization of the company will contribute to the improvement of performance "which will allow more 'know-how' to be leveraged for the activity that is intended".

"Right now, we need 'know how' and some more financial support and we need to privatize the company to gain international operators to improve the company's performance and efficiency", he said.

He also recalled that the 4 de Fevereiro International Airport, in Luanda, was certified at the end of 2022 and that this year the SGA, using bank financing, should also certify the Catumbela airport, in Benguela province.


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